Börje Ekholm Addresses Shareholders Before Today's AGM - Seite 2

Ekholm says: "Ericsson's financial position is strong, and we have a robust balance sheet with net cash of SEK 34 billion at the end of last year. This allows us to continue to invest, execute on our strategy and also provides resilience."

5G development

Börje Ekholm also talks about the technology shift that 5G will enable. The new generation of mobile networks will not only give rise to new areas of use for consumers, it will transform entire industries.

Ekholm says: "We will see production automation, optimized logistics, new solutions in healthcare and much more. And these are only the areas we can already visualize today; most areas of use are still unknown to us."

Technology leadership

The fact that Ericsson is leading the development of this new technology is something to be proud of, Ekholm concludes.

He says: "Ericsson's leadership position is clearly reflected in our patent portfolio, consisting of more than 54,000 granted patents. However, patents are about both quality and quantity; an independent law firm found Ericsson to have the leading share of relevant 5G patents, which bodes very well for the future."

NOTES TO EDITORS:

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About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Börje Ekholm addresses shareholders before todayâ€s AGM